Market Research Report
Syngas and Derivatives
|Published by||Global Industry Analysts, Inc.||Product code||337384|
|Published||Content info||309 Pages
Delivery time: 1-2 business days
|Syngas and Derivatives|
|Published: July 1, 2020||Content info: 309 Pages||
Global Syngas and Derivatives Market to Reach 325.9 Thousand MWth by 2027
Amid the COVID-19 crisis, the global market for Syngas and Derivatives estimated at 187.5 Thousand MWth in the year 2020, is projected to reach a revised size of 325.9 Thousand MWth by 2027, growing at a CAGR of 8.2% over the analysis period 2020-2027. Steam Reforming, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach 86.3 Thousand MWth by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Partial Oxidation segment is readjusted to a revised 9.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at 50.6 Thousand MWth, While China is Forecast to Grow at 12.4% CAGR
The Syngas and Derivatives market in the U.S. is estimated at 50.6 Thousand MWth in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 74.3 Thousand MWth by the year 2027 trailing a CAGR of 12.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 7.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.
Autothermal Reforming Segment to Record 8.4% CAGR
In the global Autothermal Reforming segment, USA, Canada, Japan, China and Europe will drive the 7.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of 18.3 Thousand MWth in the year 2020 will reach a projected size of 31.2 Thousand MWth by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 45.4 Thousand MWth by the year 2027, while Latin America will expand at a 9.7% CAGR through the analysis period. We bring years of research experience to this 20th edition of our report. The 309-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,